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Thread ID: 88745	2008-04-08 01:28:00	How much are you saving per week	sniperbabe (13589)	PC World Chat

Post ID	Timestamp	Content	User
656923	2008-04-08 02:59:00	Millionaire - its not that hard to become one if you think about it. If you have 2 or 3 properties for own or a mix with investment usage - that's 7 digit. Say you won $1,000,000 on the lottery. Purchase a modest house for $500,000 and put the other into investment and you may have $35,000 net per year to live on if you choose to quit your job. Not exactly luxury. If you actually win lotto, you would probably be best to put it all into investments that pay out an amount, that way you get earnings of $70,000 per year, which is very good earnings. Because property is overpriced, you won't get the capital gains on it for many years to come, and unless you buy the property to live in yourself, you have to pay tax on any profit you make from it when you sell it.	robbyp (2751)
656924	2008-04-08 03:00:00	Even the worlds richest man, Warren Buffett live a frugal life, that is one of the reasons he was able to get rich, and your habits shouldn't change just because you are rich . You will find that some of the richest people, are also the most economical with their money . It is people who have never had money, and also don't know how to manage it, if they ever win lotto, many end up losing it all, because they don't know how to invest it and live off the interest . That's right . :) Someone said that in the USA lottery some won it big but in 2 or 3yrs they were back to ground zero and back in looking for a job . In NZ I watched a documentary about NZ lotto winners . They still lived in a small house, still working at the meat works . When he was rich he traveled the world, hooked up with a beautiful woman and lived the high life with but when money ran out he was back to single again in his small house, v little even furniture to represent his winnings .	Nomad (952)
656925	2008-04-08 03:07:00	I'd buy me souped up Altezza, build a entertainment room, with a HD projector and kickass Wharfdale sound system, put the rest in the bank, and live it up off the interest. (While working as if nothing had happened). We can dream. :D $200 really isn't that much to save a week...I don't earn a big wage and I put more than that away.	wratterus (105)
656926	2008-04-08 03:18:00	Wow. Over half save $200 or more a week. I save nothing. Only a small debt for the shop and nothing else but income is eaten by everything at present.	pctek (84)
656927	2008-04-08 04:07:00	In a small way I am trying to save the planet by not eating dirt. As a baby apparently I ate dirt as if the world was inexhaustible. I am waiting for the carbon credits owing since I gave up using pencils.	R2x1 (4628)
656928	2008-04-08 04:09:00	Currently paying off a mortgage but have some money in the bank and investments but will look at trying to save more than we currently do - (which should be more) This is actually one of the most relevant polls I have seen on PF1.:thumbs:	vitalstatistix (9182)
656929	2008-04-08 04:25:00	i generally save as much as i can - but then if i have to buy something i absolutely need (like that new STALKER game coming up! - Kidding!) i will dip in to it and take what i need im also in that kiwisaver fluff thing so thats pretty good - locking it away so i cant get to it to spend on rubbish :eek:	MAC_H8ER (5897)
656930	2008-04-08 04:31:00	Currently paying off a mortgage but have some money in the bank and investments but will look at trying to save more than we currently do - (which should be more) This is actually one of the most relevant polls I have seen on PF1.:thumbs: Yeah, just a pity there aren't more higher options. I mean there would be a lot of people saving over $200 per week. IMO if you are paying off a mortgage, you are better to pay it off than save, and just save a little bit for emergencies and spending. That said, if I had a freehold property and was able to, I would probably sell it at the moment while prices are still high, then rent or travel,for a year or two with the money in the bank. Especially due to all the news, that property prices are going to drop 30%. Although having a property does provide some security , if there is a depression, which George Soros seems to be predicting.	robbyp (2751)
656931	2008-04-08 04:34:00	i generally save as much as i can - but then if i have to buy something i absolutely need (like that new STALKER game coming up! - Kidding!) i will dip in to it and take what i need im also in that kiwisaver fluff thing so thats pretty good - locking it away so i cant get to it to spend on rubbish :eek: The problem with kiwisaver is, that the next government can just change the rules. eg. They may reduce the government contributions they give you, which will make it a lot less attractive. It is also tied to the retirement age, so if you are 30, the retirement age might be 75 or 80, by the time you reach it. Overall though, I like the concept, especially for those who don't have the self control or ability to save.	robbyp (2751)
656932	2008-04-08 04:38:00	Yeah, just a pity there aren't more higher options. I mean there would be a lot of people saving over $200 per week. IMO if you are paying off a mortgage, you are better to pay it off than save, and just save a little bit for emergencies and spending. That said, if I had a freehold property and was able to, I would probably sell it at the moment while prices are still high, then rent or travel,for a year or two with the money in the bank. Especially due to all the news, that property prices are going to drop 30%. Although having a property does provide some security , if there is a depression, which George Soros seems to be predicting. That is why we decided instead of paying rent every 2 weeks lets pay off a mortgage and have something decent to show for it at the end. With a better bit of planning and a spread sheet or two we could pay of a mortgage, save a few $ each week and have an additional investment on the side.	vitalstatistix (9182)
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